Tuesday, May 31, 2011

Discipline. The key to create wealth

When I say discipline, I mean that the most important thing to save is to do consistently, so it is important that we consider as something aside each month / year for future expenses. It does not work to pay mortgage, loan, buying clothes / food, school expenses, dining out, vacations and then, if spare, save. NO, first turn away a lot of my monthly income and then come the bills.

The reason for doing it this way is because to be able to save, it needs to be regular and constant. 

It's like when we learn a language, it is useless to study for 4 months if we leave then for another 6 months, two months to retake it again and to stop for 5 years.

For all these reasons, you can see the most important thing is discipline, want to save and be aware that we do not save for others but for ourselves.

Once we decided that we want to save, we can determine how much we save each month. When deciding how much to save, I recommend an amount that is comfortable for us, it is useless to want to save a lot per month if after all the months we are suffering.

The amount you save each month depends not on what we earn. There are people who save 200$ per month earning 1000$ per month and there are people who save 100 $ per month earning 3000$ per month. Logically, the person to save more, more will, but the important thing is that both people are saving.
Want is power. Do not worry about the amount, the important thing is to acquire a habit of saving.

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